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<br />--- • NYeld�t�W..�ake, Route�. 8ox ?3, . ' j =
<br /> -- PalIIler, Nebrdska . heseimcalIeSthe"Moitgago�"wheth�soneozm4re. }
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<br /> _— in conaideratiop mf S40:000.80 (Forty Thausand Dal�lars) �
<br /> F� � .r�isad f,x�nm m¢ai�e,ct�s mnrtgnge to�'iaomas 7• $�ke herem called the�2doztgagee"� j =
<br /> _ � ttie follawing d��esl real esr�e: Lot Two {2), Gazd�n Seaond Subdivlsio�, an additlon ; � _
<br />� � e o t he C i t�Y of Grand Island, 'I�all Cmunty. Nebraska. ' ; --
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<br />== , i • And td�e mort8agor doPS hereby covenant �vith th�e�mortgagee�'and with martgagee's heira and i
<br />- - � �assigpa tLat �ori8agar is aaw£n1ly seised of said premisee, t6ut 4hey are free from encnaibraace, tisat 1
<br />�__� � mortgagor has good rig$t and lawfnl snthority ta convey t3ie�same, and that mortgagor warrante and �
<br /> _ ! w�11 defead t3ie title tu said premises against the la�vfui elaims of all persons who�nsoever.
<br /> ''� i . This mortgage is given to secure the paqment of thg promissory note of tl�is_date made by , � '
<br />=-� }� mortgagor for��(1,OQO.QO payable !n twentp equal instaUments�eginning November ; '
<br />::•� , � ,
<br /> .:�. � 1, 1995 ai 5�'o interest per annum_ � � aad ail�other tazes
<br /> 141artgagor shall pay ell tases and assessments leviecl npon said real property
<br /> 1 levied oa tlus mortgage or the note��vhioh this mortgage is given to secare hefore the same 6ecome delin-
<br /> _� � quent and.ahall maiatain�re, wiadatorm and eatende�i_eoverase inaiu-anee �vith a mortgage clanse Qn
<br /> -� { the buildings on said premiaea in the snm of�40,000.E�0 , If raortgagor f�s to pay sach'tazes
<br /> f� • � sud asses9meuts or proeure sneh insaranee, mortga�ee mm�y puy such t,�taes and pnrc8ase such inshrsace .
<br /> ' i aad the amonnt tio advanced �vitb in8erest at �gercerct per ananin shaU be seCOred by thia mo2tgage. � ,
<br /> -�> I In case of d�fanit us the payment oY t�e prinaipal eum or any installment'thereaY_or of•any iate7rest
<br /> � thereon whea the same shall become dne or in case.of the non-payment of any Eases or�sses�eate or oi
<br /> tfie Pailure ta maintain insuraace as 6e:ein provided, cnortgagee may at ttie option of'mortgage�.with- �
<br /> ont notice, at any tffie dnring the eantinnance of euch defanlE or breach,declare the whote debt s�eused # •
<br /> by this mort�age to be immediately due and payable csnd may foreelose this morigage. . t •j
<br /> ' In the event of defanit in the performance og any of the 4ertns and con�litions of this mortgagt ar � .1
<br /> ;.;.� ` the note Aecnsed by it,the mort�a�ee shut2 be ent�tled to immediate poavession os the pro�erty above da _
<br /> _ ` scribed and a11 the rents,revenue aa3 ii�come derivea therefrom duriag such time as th� mortgage ia-. .
<br /> � � debtedaess remains nnpaid ehall be applied by the mortgagee to tLe payment of the nate aad all ather'
<br /> sums secured Aereby after deductioa o€aay neeessary* costa of collectioi�. �
<br /> � Dated january i l 19 95 �
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<br /> -.� STATE OF NEBRASKA.County of._....._ . �
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<br />`�-'� � 'I'he foregoing instrument was aclrnavrledged beforo me ....._........... ....1,�.: .....__ 19�5
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